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Resideo Technologies Full Year 2023 Earnings: EPS Beats Expectations

Resideo Technologies (NYSE:REZI) Full Year 2023 Results

Key Financial Results

  • Revenue: US$6.24b (down 2.0% from FY 2022).

  • Net income: US$210.0m (down 26% from FY 2022).

  • Profit margin: 3.4% (down from 4.4% in FY 2022).

  • EPS: US$1.43 (down from US$1.94 in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Resideo Technologies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Building industry in the US.

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Performance of the American Building industry.

The company's shares are up 24% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Resideo Technologies.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.